Nuveen Asset Management LLC Has $40.23 Million Stake in NorthWestern Energy Group, Inc. (NYSE:NWE)

Nuveen Asset Management LLC increased its position in NorthWestern Energy Group, Inc. (NYSE:NWE - Free Report) by 24.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 752,441 shares of the company's stock after buying an additional 148,870 shares during the quarter. Nuveen Asset Management LLC owned about 1.23% of NorthWestern Energy Group worth $40,225,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Vanguard Group Inc. raised its position in shares of NorthWestern Energy Group by 0.8% during the fourth quarter. Vanguard Group Inc. now owns 6,849,519 shares of the company's stock worth $366,175,000 after purchasing an additional 56,180 shares during the period. River Road Asset Management LLC raised its position in shares of NorthWestern Energy Group by 6.1% during the fourth quarter. River Road Asset Management LLC now owns 2,371,931 shares of the company's stock worth $126,803,000 after purchasing an additional 136,922 shares during the period. Dimensional Fund Advisors LP raised its position in shares of NorthWestern Energy Group by 0.4% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,033,437 shares of the company's stock worth $55,248,000 after purchasing an additional 4,544 shares during the period. First Trust Advisors LP raised its position in shares of NorthWestern Energy Group by 391.6% during the fourth quarter. First Trust Advisors LP now owns 999,884 shares of the company's stock worth $53,454,000 after purchasing an additional 796,500 shares during the period. Finally, Invesco Ltd. raised its position in shares of NorthWestern Energy Group by 9.9% during the fourth quarter. Invesco Ltd. now owns 904,579 shares of the company's stock worth $48,359,000 after purchasing an additional 81,852 shares during the period. Institutional investors and hedge funds own 96.07% of the company's stock.

NorthWestern Energy Group Stock Up 0.5%

NYSE:NWE traded up $0.29 during trading hours on Friday, hitting $54.98. 237,416 shares of the company's stock traded hands, compared to its average volume of 394,544. The firm has a market cap of $3.37 billion, a P/E ratio of 15.06, a P/E/G ratio of 2.40 and a beta of 0.40. NorthWestern Energy Group, Inc. has a twelve month low of $48.52 and a twelve month high of $59.89. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.37 and a current ratio of 0.52. The stock's fifty day moving average price is $56.81 and its two-hundred day moving average price is $54.92.

NorthWestern Energy Group (NYSE:NWE - Get Free Report) last posted its quarterly earnings results on Wednesday, April 30th. The company reported $1.22 earnings per share for the quarter, beating the consensus estimate of $1.18 by $0.04. NorthWestern Energy Group had a return on equity of 7.40% and a net margin of 14.81%. The firm's revenue was down 1.8% compared to the same quarter last year. During the same quarter last year, the business earned $1.09 EPS. On average, research analysts expect that NorthWestern Energy Group, Inc. will post 3.63 earnings per share for the current fiscal year.

NorthWestern Energy Group Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Friday, June 13th will be given a $0.66 dividend. This represents a $2.64 annualized dividend and a yield of 4.80%. The ex-dividend date is Friday, June 13th. NorthWestern Energy Group's payout ratio is currently 68.75%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the company. Barclays boosted their target price on NorthWestern Energy Group from $56.00 to $59.00 and gave the stock an "overweight" rating in a research report on Tuesday, April 22nd. BMO Capital Markets assumed coverage on NorthWestern Energy Group in a research report on Tuesday, May 13th. They set a "market perform" rating and a $60.00 target price on the stock. Wells Fargo & Company boosted their target price on NorthWestern Energy Group from $62.00 to $64.00 and gave the stock an "overweight" rating in a research report on Thursday, May 1st. Finally, Guggenheim raised NorthWestern Energy Group from a "neutral" rating to a "buy" rating in a research report on Thursday, January 23rd. Four analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $60.21.

Insiders Place Their Bets

In other NorthWestern Energy Group news, Director Britt E. Ide sold 702 shares of the company's stock in a transaction dated Tuesday, February 25th. The stock was sold at an average price of $54.32, for a total value of $38,132.64. Following the transaction, the director now directly owns 11,021 shares of the company's stock, valued at $598,660.72. This represents a 5.99% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 0.94% of the company's stock.

NorthWestern Energy Group Profile

NorthWestern Energy Group, Inc provides electricity and natural gas to residential, commercial, and various industrial customers. It generates, purchases, transmits, and distributes electricity; and produces, purchases, stores, transmits, and distributes natural gas, as well as owns municipal franchises to provide natural gas service in the communities.